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Europe's working-age population is expected to decrease by about 13.5 million, or 4 percent, by the decade's end. The decline will be especially large in Germany (almost 8 percent, or about 4.0 million people), Italy (almost 7 percent, about 2.5 million people), and Poland (9 percent, about 2.3 million people).
Once the economy recovers, Europe may have a shortage of skilled workers, despite a growing wave of automation. A key reason is the declining supply of labor: Europe's working-age population will likely shrink by 13.5 million (or 4 percent) due to aging by 2030.
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